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NewsWatch: U.S. oil benchmark slumps below $11 a barrel, on track for biggest 1-day drop in history, as storage space dwindles

20 Apr 2020

The May futures contract for U.S. crude oil extends losses Monday, touching the lowest level since the late 1990s, as fears about a shock to demand due to the coronavirus pandemic and worries about a lack of storage looks set to hammer the commodity to start the week.

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